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LONDON, UK – 12 February 2015 — /BackupReview.info/ — A growing need for data backup and archiving services worldwide is impacting the Global Storage as a Service (STaaS) Market, which is expected to post a CAGR of 37.96 percent from 2014-2019, says research firm TechNavio.
According to the latest report by TechNavio, data volumes worldwide have seen an exponential increase in the past decade. Historical data play a critical role in shaping the decision making process of enterprises and these companies are looking for solutions to backup and archive their data.
“Organizations are shifting their focus towards cloud-based storage media, as it is more reliable and cost-effective,” says Faisal Ghaus, Vice President of TechNavio. “Subscription-based models of cloud-based storage are also getting popular, as they ensure enterprises pay only for the storage used.”
The latest report by TechNavio also highlights third-party service providers who are offering enhanced disaster recovery mechanisms, in order to facilitate data recovery in the aftermath of a disaster.
“In the event of a disaster, enterprises risk massive data losses. To combat this, many are increasingly focused on adopting disaster recovery-as-a-service to handle the aftermath of disasters effectively,” says Ghaus. “The DRaaS solution is also flexible enough to accommodate frequent changes in business requirements.”
TechNavio currently has more than 3000 market research reports on a huge range of topics, including:
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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